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How to Complete Round Valley Land Buy-Back Program Purchase Offer Packet.

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Presentation on theme: "How to Complete Round Valley Land Buy-Back Program Purchase Offer Packet."— Presentation transcript:

1 How to Complete Round Valley Land Buy-Back Program Purchase Offer Packet

2 2 What is the Buy-Back Program? President Barack Obama with the late American Indian Activist Elouise Cobell 2 fractional interests in trust or restricted land at fair market value from willing sellers within a 10-year period Goal: Keeps land in trust - purchased lands are immediately held in trust for the recognized tribe jurisdiction over the land. Created to implement the land consolidation component of the Cobell Settlement Agreement, The Settlement provided a $1.9 billion fund to purchase:

3 What is the Buy-Back Program? Collaborative Effort To reduce the number of fractional interests in tracts of trust or restricted lands. Fractionated tracts are defined as any tract with more than one landowner. 3 Landowner Tribe Tribe Program Office Program Office BLM BLM DME DME OAS OAS BIA (AC, LTRO, Local Agencies) BIA (AC, LTRO, Local Agencies) OST (Trust Services, Field Operations, TBCC) OST (Trust Services, Field Operations, TBCC) DOI

4 4 Fractionation: A serious problem facing tribal communities For illustrative purposes only As tracts (or allotments) of lands are passed down through generations, they gain more and more individual owners. Because the number of owners make it difficult to use the land, these allotments often lie idle and cannot be used for any beneficial purpose. There are approximately 150 tribal locations with fractionated land, with approximately 245,000 unique owners. 4

5 How Does the Program Work? 1.The Buy-Back Program makes offers to purchase fractional interests in trust or restricted lands (tracts with more than one owner). 2.Landowners can choose to sell some, all, or none of their fractional land interests. Participation in the Program is strictly voluntary. 3.Landowners will receive payments in their Individual Indian Money (IIM) accounts for interests that they choose to sell. 4.Purchased interests will be immediately held in trust for the tribe with jurisdiction over the land.

6 Program Priorities? 6 1.Landowners: 1.Landowners: Foster informed landowners; responsible decision making; and Program participation. 2.Tribes: 2.Tribes: Strengthen partnerships and respect and uphold tribal sovereignty. Tailor efforts to each location based on tribal involvement and priorities. 3.Timely use of the Fund: 3.Timely use of the Fund: Expend the Trust Land Consolidation Fund by purchasing land from interested landowners to reduce fractionation and expand tribal ownership. Remain flexible and open to constant learning and improvement.

7 Major phases of the Program 1.Outreach: 1.Outreach: Inform landowners about the Buy-Back Program, answer questions, and assist tribes with identifying their priority tracts for acquisition. 2.Land research: 2.Land research: Collect information necessary to establish fair market value for fractionated tracts that might be acquired. 3.Land valuation: 3.Land valuation: Determine the fair market value of tracks where DOI will offer to buy fractional land interests. 4.Land acquisition: 4.Land acquisition: Purchase interests in fractionated tracts that individuals would like to voluntarily sell. 7

8 Who is Responsible for Land Valuation? The Office of the Special Trustee for American Indians (OST), Office of Appraisal Services (OAS) is responsible for appraising tracts of land and incorporating any contributory value from timber and mineral estates. The Division of Minerals Evaluations (DME) is responsible for the valuation of mineral interests. BIA and “638” compacting/contracting tribes are responsible for providing timber values. All appraisal methods used by DOI conform to the Uniform Standards of Professional Appraisal Practice (USPAP). To ensure a credible and robust valuation process, DOI worked with the non-profit The Appraisal Foundation (TAF) to obtain an independent review of DOI’s methods. 8 Appraisals may be requested through the Trust Beneficiary Call Center 888-678-6836 Hand-outs: Appraisal Fact Sheet & Mineral Evaluation

9 Key Points to Remember 9

10 Step 1: Review the Offer Package Documents Cover Letter (2 pages) Instructions (1 page) Deed (1 page) Exhibit A – Purchasable Interests Inventory (two parts) DETAIL (1 or more pages) SUMMARY (1 or more pages) Map(s) (1 or more pages) Business Reply Mail Envelope 10 Important Note: Everything with a Bar Code must be submitted to be considered as a complete package.

11 11 Envelope Containing Offer Package 11” x 13” LBBP Logo Step 1 (con’t): Review the Offer Package Documents

12 12 Cover Letter Page 1 Step 1 (con’t): Review the Offer Package Documents

13 13 Cover Letter Page 2 Step 1 (con’t): Review the Offer Package Documents

14 14 Instructions Step 1 (con’t): Review the Offer Package Documents

15 15 Deed Step 1 (con’t): Review the Offer Package Documents

16 16 Exhibit A – Purchasable Interests Inventory DETAIL Step 1 (con’t): Review the Offer Package Documents

17 17 Exhibit A – Purchasable Interests Inventory SUMMARY Step 1 (con’t): Review the Offer Package Documents

18 18 Map Step 1 (con’t): Review the Offer Package Documents

19 19 Return Envelope Please use envelope provided – extras are available (If you mail in a regular envelope, do not use extended zip code for pre- sorted mail) Step 1 (con’t): Review the Offer Package Documents

20 Review tract information in DETAIL section of Inventory; obtain more information from Office of the Special Trustee/Trust Beneficiary Call Center or BIA if needed To “Sell All” listed interests, fill in top bubble only on SUMMARY To sell some interests, fill in bubble(s) next to Item number(s) on SUMMARY Fill in bubbles completely with blue or black ink 20 Step 2: Decide Which Interests to Select for Sale

21 Step 3: Take the Deed to a Notary Public The Deed must be signed in front of a Notary Legal identification (with photo) must be provided Do not sign and return the Deed if personal information is incorrect (update information and obtain new Deed) Do not make any other marks on the Deed Make sure the Notary has placed a seal on the Deed and filled in the fields correctly CALIFORNIA RESIDENTS must include: California All-Purpose Acknowledgement Notary is free at all locations of Round Valley workshops 21

22 Step 3 (con’t): Take the Deed to a Notary Public CALIFORNIA RESIDENTS ONLY 22 Notary does NOT filled out Use the California All-Purpose Acknowledgement form and filled in all fields correctly

23 Step 4: Mail the Documents Return the original signed and notarized Deed, and all pages of both parts of the Inventory (every page with a bar code at the bottom) CALIFORNIA RESIDENTS must include a C ALIFORNIA A LL -P URPOSE A CKNOWLEDGEMENT Use the enclosed Business Reply Mail envelope Think carefully about your decision and use care in making selections; once the sale is approved and title transfers to the Tribe, it cannot be reversed Mail the documents by the deadline in the cover letter 23

24 Most Common Errors Landowner returns either Deed or Inventory, but not both The Deed is not signed The Deed is not notarized properly Information or Notary seal is missing Information is incorrect (e.g., wrong year) Notary’s commission is expired CALIFORNIA RESIDENTS fail to include a C ALIFORNIA A LL -P URPOSE A CKNOWLEDGEMENT 24

25 Example 1: 25 Landowner alteration to personal information on the Deed Note: California landowners do not have Notary fill-out bottom section of Deed. Instead, use a Certificate of Acknowledgment

26 Example 2: 26 Deed signed by Power of Attorney rather than landowner Note: California landowners do not have Notary fill-out bottom section of Deed. Instead, use a Certificate of Acknowledgment

27 Example 3: 27 Landowner note on the Deed Note: California landowners do not have Notary fill-out bottom section of Deed. Instead, use a Certificate of Acknowledgment

28 Example 4: 28 Notary alteration to landowner’s typed name on the Deed Note: California landowners do not have Notary fill-out bottom section of Deed. Instead, use a Certificate of Acknowledgment

29 Example 5: 29 Unclear landowner selections on Inventory (bubble not completely filled in)

30 Example 6: 30 Unclear landowner selections on Inventory (both “Sell All” and another bubble filled in)

31 Example 7: 31 Unclear landowner selections on Inventory (cross-out)

32 Round Valley Indian Tribes - Land Buy-Back Program 32 Office Address: 77600 Covelo Road Mailing Address : 77826 Covelo Road Covelo, CA 95428 Fax: (707) 983-6128 Website: http://www.cobell.rvit.org Lynette Benton Specialist Renae Britton Receptionist Deb Hutt Director Point of Contacts: Lynette Benton, Specialist (707) 354-5931 Renae Britton, Receptionist (707) 354-5943 Deborah Hutt, Director (707) 354-3917 Office Hours: Mon-Fri 8:00-5:00pm (PST)

33 DOI - Office of Special Trustee Tribal Beneficiary Call Center, OST (888) 678-6836 Mon-Fri 6:00-5:00pm/ Sat. 7:00-11:00(PST) Diana Wuerth, FTO(916) 978-6045 Georgina Yazzie, OST (916) 978-6046 Mon-Fri 8:00-5:00pm (PST) 33 If you own property on other reservations, contact the Trust Beneficiary Call Center or the Tribal Land Department where the land is located.

34 34 R OUND V ALLEY I NDIAN R ESERVATION E STABLISHED A PRIL 9, 1934 A S OVEREIGN N ATION O F C ONFEDERATED T RIBES : Y UKI, P IT R IVER, N OMLACKI, C ONCOW, P OMO, W AILACKI


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